store closings

Abercrombie and Fitch, which operates a store at Crossgates Mall, announced today it will close 60 stores.

Toys R Us, which includes their other company Babies R Us have filed for Chapter 11 and means the closing of up to 182 stores, some of them are local.

Decreased sales over November and December are to blame for some major "adjustments" being made at the giant retailer Macy's. These cost-cutting measures will force the closing of 40 stores nationwide but will effect ALL stores when it comes to cutbacks and layoffs. In a statement on their website Macy's says that 3 to 4 positions in each remaining store will be eliminated.